>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after a down day on Wall Street. Fears of an escalating trade war rattled markets with Canada, China and Mexico all announcing plans for retaliatory tariffs on U.S. goods. Gains in Nvidia and Alphabet were instrumental in helping the tech-heavy Nasdaq nearly recover after a two-percent slide. At the closing bell, the Dow Jones Industrial Average lost 670 points to 42-520. The S&P 500 fell 71 points to 57-78. The Nasdaq lost 65 points to 18-285.
>>Trump Talks Economy In Address To Congress
(Washington, DC) -- President Trump says he wants to get immediate relief to working families. In his address to a joint session of Congress last night, Trump said he inherited, from the last administration, an economic catastrophe and an inflation nightmare. He added that we suffered the worst inflation in 48 years. As President, Trump said he's fighting every day to reverse this damage. He said former President Biden especially let the price of eggs get out of control, and he's working hard to get it back down.
>>Target CEO Warns Of Price Increases Due To Tariffs
(New York, NY) -- Target's CEO is warning shoppers may see price increases in the next few days due to President Trump's tariffs on goods from Mexico. In an interview with CNBC Tuesday, Brian Cornell said Target relies heavily on Mexican produce during this time of year. He said the 25-percent tariffs may force Target to increase prices on fruits and vegetables. Those price jumps could happen as soon as this week. He said produce such as avocados, bananas and strawberries could see price hikes.
>>BlackRock To Buy Panama Canal Ports
(New York, NY) -- U.S. asset management firm BlackRock says it will buy two ports at either end of the Panama Canal. The ports are currently owned by a Hong Kong firm, Chinese ownership that has angered President Trump. Trump has said repeatedly he wants to take back the canal from Panama, which assumed control from the U.S. in 1999 under a treaty. BlackRock and a group of investors will pay 22.8 billion dollars for the ports. They're also buying controlling interest in dozens of other ports around the world.
>>Southwest Airlines To Close Crew Bases In Florida And Texas
(Dallas, TX) -- Southwest Airlines is planning to close a pair of crew bases in its latest cost-cutting move. According to a memo from its flight attendants union, the closures involve crew bases at Florida's Fort Lauderdale-Hollywood International Airport and Austin-Bergstrom International in Texas. The memo said the closures will take effect on July 1st. Dallas-based Southwest has been slashing unprofitable routes and trimming corporate staff as part of its first-ever mass layoffs.
>>Delta Expands Shake Shack Partnership
(Atlanta, GA) -- Delta is offering more travelers the chance to enjoy Shake Shack in the sky. The airline is expanding its offering of the burger chain's Shake Shack Cheeseburger to more flights. First class passengers traveling more than 900 miles out of Atlanta, Los Angeles, New York-LaGuardia and Seattle can now order one of the burgers for lunch or dinner. Delta first started offering Shake Shack burgers on flights out of Boston in December. The airline said it has already served more than ten-thousand cheeseburgers since the partnership started.
